- Universidad De Guadalajara takes Top Honors
- First place team based in Latin
America for fourth consecutive year and in Mexico for second year in a row
CHICAGO, Nov. 30,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced the winners of its
20th annual University Trading Challenge, led by
Universidad De Guadalajara in Mexico, the fourth consecutive time a team
from Latin America and second
consecutive time a team from Mexico earns top honors in the global
competition.
20th
Annual CME Group University Trading Challenge Winners
|
Team
Position
|
University
Name
|
Country
|
First Place
|
Universidad De
Guadalajara
|
Mexico
|
Second Place
|
Christopher Newport
University
|
United
States
|
Third Place
|
University of
Colorado
|
United
States
|
Fourth Place
|
Georgia Institute of
Technology
|
United
States
|
Fifth Place
|
Universidad de
Medellin
|
Colombia
|
This year's four-week competition included more than 400 teams
of 1,865 students from 24 countries. Participants represented 156
universities around the world.
Students learned hands-on techniques for trading agriculture,
energy, metals, equity indices, interest rates and foreign exchange
futures contracts using CQG's real-time simulated electronic
trading platform. Throughout the challenge, students also received
live market updates through Dow Jones newsfeeds and The Hightower
Report.
"We congratulate the students from around the world who
participated in our 20th CME Group University Trading
Challenge," said Anita Liskey, CME
Group Senior Managing Director of Global Brand Marketing and
Communications. "In today's uncertain global economy, risk
management is more important than ever, and CME Group's University
Trading Challenge provides the next generation of traders and risk
managers with a unique, hands-on experience to explore the world of
trading and build the skills they need for future careers in
finance."
"Congratulations to all of the winners and participants in this
year's University Trading Challenge," said Pat Kenny, SVP of Client Relations at CQG. "CQG
remains committed to educating the next generation of derivatives
traders. The competition offers students the unique opportunity to
make trading decisions based on real-time CME Group data, CQG's
analytics, commentary and real-time news feeds from Dow Jones, and
executed with CQG's premier trade routing technology."
"CME Group's University Trading Challenge motivates students and
opens their minds to immense opportunities," said Maf. Luis Nicolau, Specialist in Derivative Financial
Instruments at Universidad De Guadalajara. "We are proud of our
students for participating in this year's challenge and admire CME
Group for reaching out to students all over the world to
participate."
Students on the top five winning teams receive cash prizes, if
eligible, and all participants from this year's trading challenge
are invited to attend an exclusive one-day, in-person market
education event on December 4.
CME Group provides a wide range of risk management education,
including its CME Institute education hub, which offers
detailed courses, webinars and videos on trading futures on options
markets, as well as a trading simulator.
CME Group also partners with other industry organizations to
offer educational tools, such as Futures Fundamentals, a one-stop
educational resource to help learners of all levels understand
futures markets and the role they play in everyday life.
About CME Group
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group